CapitalSouth Bancorp. (CAPB) reported a second quarter net loss of $16.40 million or $3.95 per share, compared to net income of $0.90 million or $0.30 per share in the same period last year.
Net operating loss for the quarter was $7.03 million or $1.69 per share, compared to income of $0.90 million or $0.30 per share in the comparable period last year.
Net interest income for the quarter marginally rose to $4.27 million from $4.25 million in the corresponding period last year. Non-interest income was $734 thousand, down from $855 thousand in the previous year period.
For the first half, the company posted a loss of $16.07 million or $3.87 per share, compared to income of $1.60 million or $0.53 per share in the prior year period.
Net operating loss was $6.71 million or $1.62 per share, compared to profit of $1.60 million or $0.53 in the year earlier.
Net interest income for the period rose to $9.02 million from $8.20 million in the preceding year period. Non-interest income was $1.94 million, up from $1.57 million a year ago.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.